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founder and ceo of the comeback american initiative, david walker print a good morning. forve said it is a bad idea the congress and president to flirt, so to speak, with the august 2nd deadline of hitting a possible debt default. what do you think is going on rit now and are concerned there is not a deal in place yet? guest: i am concerned. if everybody is true to their wo, and congressional leaders of both parties and the president, they will reach a deal at the last minute. they have all made a commitment to the american people that they will raisehe debt ceiling and not the fall. what we're seeing now is they're coming down to the 11th hour, which i think isnappropriate, but typical for washington. the democrats are trying to get as good of the deal as they can and so are the republicans if they do not reach a deal, they should be held accountable. it is irresponsible not to raise the debt ceiling limit. at the same time, we need to start putting our finances in order. host: has seven in the economic fallout, do have concern a deal has not been reached -- has there been an econ
. >> the former u.s. comptroller general david walker of the nation pose a growing debt and budget deficit challenges. from "washington journal,", this is 30 minutes. the former u.s. comptroller general and now founder and ceo of the comeback american initiative, david walker print a good morning. forve said it is a bad idea the congress and president to flirt, so to speak, with the august 2nd deadline of hitting a possible debt default. what do you think is going on right now and are concerned there is not a deal in place yet? guest: i am concerned. if everybody is true to their word, and congressional leaders of both parties and the president, they will reach a deal at the last minute. they have all made a commitment to the american people that they will raise the debt ceiling and not the fall. what we're seeing now is they're coming down to the 11th hour, which i think is inappropriate, but typical for washington. the democrats are trying to get as good of the deal as they can and so are the republicans. if they do not reach a deal, they should be held accountable. it is irresponsible n
in our country. >> reporter: but budget expert david walker says social security is the easy part. >> in basketball terms, it's like a lay-up. on the other hand, medicare, medicaid and our broader health care challenges are more like a three-point play from underneath the opponent's basket. >> reporter: now the people around this table, eight congressional leaders, the president, vice president and a handful of white house officials led by chief of staff william daley have to reach a deal or risk sending the economy plunging back into a second deep recession. the key relationship is between the president and house republican speaker john boehner. sources say the two men have had a series of private discussions on the debt deal that began nearly three weeks ago during a round of golf. the next step is that over the next two days white house and congressional staff members will put together specific proposals to cut up to $4 trillion in debt over the next decade. then on sunday the president and congressional leader also meet again here at the white house and that's when the hard ba
-three years. to me, that is the most important. keep your eye on the ball. whether it is david walker talking 40, is across the country saying that we will have a greek-style debt crisis in the next two-three years if we don't put in place the right kind of things. to me, that is the most important thing. if that means we have to have concerns now, i think it is better to have that now and fix things than it is to keep on doing the same thing and hoping it does not happen. >> do you think we will default? >> the difference between defaulting in not having enough defaulting in not having enough money to meet obligations -- there still will be revenue coming in on august 2 in the treasury. it may require tim geithner to make decisions on who gets paid for spurted i would like to think the administration will to pay thehave bondholders verse. i assume all of you have some kind of 401k. local governments have all kind local governments have all kind of -- meet bond obligations first and you start going down to social security, our troops, and you make sure that they get paid first. at some point,
. >> david walker, the president meets with speaker boehner over the weekend and they are clearly not making any tangible progress. the house will go forward this week and senate will most likely vote on a balanced budget amendment and some other things that simply, to be honest, can't pass or even if they did pass the president would veto. they will move to the mcconnell plan and convince the republicans that they have your vote. do those votes undermine confidence in the market in a deal that might be reached? >> well, i think the markets know that those are not going to pass. you have to have two-thirds of the house and senate and the state that's not going to happen. it's preconditioned to something more substantive. the leaders have all said that they are going to raise the debt ceiling on it. the president has been calling for that. what kind of substantive dealer are we going to get? are there going to be budget controls for mechanisms and significant cuts that would be viewed as being credible by the rating agencies and by the american people? that's the real question. >> and mark, m
both sides today. mark warner, president of americans for tax reform grover norquist, david walker along with lawrence o'donnell. this is going to be fun. first, bill karins has a check on the forecast. >> good morning, mika. good morning everyone. a tropical storm formed over night. tropical storm don is in the gulf of mexico. it usually gets our attention. this storm is going to stay on the weaker side. looks doubtful it will become a hurricane. it should move to texas late friday night and saturday morning. this will bring beneficial rain to the area. as far as the forecast today, the heat is not too bad. humidity levels are increasing. watch for the rain around buffalo. there's a lot of heavy rain and flash flooding from flint michigan to detroit. chicago is going to be trouble if you are flying in and out of o'hare. you're watching "morning joe" brewed by starbucks. every day, all around the world, energy is being produced to power our lives. while energy developement comes with some risk, north america's natural gas producers are committed to safely and responsibly providing
for raising the debt ceiling. former u.s. comptroller general david walker was a guest on this morning's "washington journal." this runs about 40 minutes.r an walker joins us from new york city.om is the former u.s. comptroller ceoral and now founder and of the comeback american initiative. good morning. >> guest: good to be with you. e august 2nd deadline of hitting a possible debt default. what do you think is going on right now and are concerned there is not a deal in place yet? guest: i am concerned. if everybody is true to their word, and congressional leaders of both parties and the president, they will reach a deal at the last minute. they have all made a commitment to the american people that they will raise the debt ceiling and not the fall. what we're seeing now is they're coming down to the 11th hour, which i think is inappropriate, but typical for washington. the democrats are trying to get as good of the deal as they can and so are the republicans. if they do not reach a deal, they should be held accountable. it is irresponsible not to raise the debt ceiling limit. at the
with real nuclear weapons but we experimented with this. >> host: david walker is our guest a former u.s. comptroller general and he's the ceo of the come back america initiative. here's the phone numbers to call to join the conversation. experime and remember if you manage to get through on the phones, please turn down your tv. we have a delay. if you don't turn down your tv then we'll probably lose you pretty fast. so let's go back to our guest, david walker. what is your -- what is the scenario that you would like to see happen over the next couple weeks? you have laid out some possible ideas, some solutions to this situation, but what would you ideally like to see happen and then we'll get into what actually -- >> we take you live now to a press conference being held by democrats in the house. you're watching live on c-span2. >> is everybody ready? i think everybody is gathered here. thank you for joining us this afternoon. we've now seen more than 200 days of republican control here in the house of representatives, without a jobs agenda. every weekend that we go home and travel ba
in david walker former u.s. controller general and founder of the come back america initiative. good to see you. first of all, you have a tougher preeventive strike that -- preemptive strike than what has been proposed. would mcconnell-reid be at least a short-term solution to get things going past august 2nd? is that a logical solution right now is this. >> i really don't believe mcconnell-reid would be viewed as credible by the credit rating sagtsys, our lenders or the american people. it could be if it was coupled with specific targets, triggers and automatic enforcement mechanisms that calls for a certain amount of reduction in the deficit by the end of 2013. or certain amounts of -- with automatic enforcement mechanisms, three part spending cuts, one part temporary revenue increases in those targets and triggers happen. i think we need to do something like that in order to add credibility. the report that we released this morning we have $3 trillion in cuts without any tax increases, coupled with those types of fail safe mechanisms. >> how would you get those -- what is referred to as
expert david walker says social security is the easy part. >> in basketball terms, it's like a layup. on the other hand, medicare, medicaid and our broadest health care challenges are more like a three-point play from underneath the opponent's basket. >> reporter: now the people around this table-- eight congressional leaders, the president, vice president, and a handful of white house officials led by chief of staff william daley-- have to reach a deal or risk sending the economy plunging back into a second deep recession. the key relationship is between the president and house republican speaker john boehner. sources say the two men have had a series of private discussions on the debt deal that began nearly three weeks ago during a round of golf. scott, the next step is that over the next two days, white house and congressional staff members will put together specific proposals to cut up to $4 trillion over the next decade. then on sunday, the president and congressional leaders will meet again here at the white house and that's when the hard bargaining will really begin. >> pelley
like then and the answer is what happens now. we've got gloria borger and david walker, currently president and ceo of the come back america initiative. is there any case to be raised for not raising the debt ceiling? >> no, there isn't. we don't know what the markets will do and what will to happen to the stock markets and interest rates. for every 1% or every 100 basis points increase, that's $150 billion a year in our total debt. >> so how do you see the debate? what's your take? >> both sides agree their raising the debt ceiling limit but it looks like it's going to be a smaller deal rather than a bigger deal because the republicans don't want to do anything that could be remotely called a tax increase. after the 2012 legsst we'll get comprehensive tax reform broadening the base, lower rates and generate more revenues, along with starting to deal with entitlement reforms. but i think right now, we're going to get a smaller deal and kick the can down the road with regard to the tough stuff. >> gloria, is that what it seems like politically? >> it does, anderson. if you step bac
library is washington your way. >> this morning, david walker offers his own plan to solve
, thanks for your time tonight. joining us is david walker the former u.s. comptroller who is the ceo of the america comeback initiative. david, i want to start with you. from what you hear from the white house, more diplomatic rhetoric in recent days and more from republicans open on the loophole question, not on tax rates, do you see the the beginning of the move toward a deal, or do you see the beginning of getting two weeks from now where lindsey graham says he don't think there will be a deal. >> i'm cautiously optimistic there will be a deal. they have a short-term deal in the election. in my view you have to have defense spending on the table, medicare, medicaid, and tax expenditures. tax expenditures represent back door spending. our revenues now are below 15% of gdp. taking on some of those tax expenditures as part of a comprehensive deal is a reasonable approach. we also have to have some budget controls that will frankly get us to much more than $2 to $4 trillion in spending cuts. >> david mentioned the tax expenditures or loopholes, whatever you want to call them. i want t
," david walker offers its own plan to solve the nation's debt crisis. the decision to overturn the ban on gay men and women serving openly in the military. megan scully looks at spending and overspending at the pentagon. "washington journal" is live at 7:00 a.m. on c-span. tomorrow, an assistant to the egyptian defense minister talks transition period. live coverage at 12:15 on c- span3. >> we provide coverage of politics, public affairs, non- fiction books, and american history. it is all available to you on television, radio, online, and on social media networking site. find our content anytime the c- span video library. span video library.
in these remote national >> tomorrow on ""washington journal," david walker. the decision to overturn the ban on gay men and a man serving openly in the military. reporter looks at spending and overspending at the pentagon. "washington journal" live at 7:00 on c-span. >> you are watching c-span, bringing you politics and public affairs. every morning, it is "washington journal." weekdays, want live coverage of the u.s. house. supreme court arguments. on the weekends, you can see our signature interview programs. signature interview programs.
on the comeback america initiative, and i'll let you know when i end up making my mind on torre. >> david walker, former comptroller of the united states, thanks for coming on. >> good to be with you. >>> up next, a fragile economy coupled with default looming, how does wall street react to that? a check before the bell. >>> and still come, a warning from sarah palin to speaker john boehner. >>> first, our trivia question, in 43 of the last 45 presidential elections, at least one state with ten or more electoral college votes has changed its presidential party preferences from the previous election. so which state has flipped the most times? tweet me @chucktodd o or @dailyright nowdown. a kudos and a shout-out to who gave me the trivia question coming up on "the daily rundown." a whole new life! with aveeno nourish plus moisturize. active naturals wheat formulas target and help repair damage in just 3 washes. for softer, stronger... ... hair with life. [ female announcer ] nourish plus. only from aveeno. for softer, stronger... ... hair with life. ♪ [ cat meows ] ♪ [ whistles ] ♪ [ cat meo
impressed by david walker and the senator. >> mark warner. >> great. >> willie, what did you learn? >> the overwhelming response from viewers is call me when this is over. they're starting to get lost. >> i know. enough. all right. willie, "way too early" what time is it. >> "morning joe." stick around for "the daily rundown" with chuck todd. >> if you at first don't succeed try try again. speaker john boehner gets ready to bring his revised debt limit bill to the floor for a vote. but is it dead on arrival in the senate? with the august 2nd deadline looming there's only one hard part about playing chicken, knowing when to swerve. who's it going to be? and four straight days of market losses. the world is watching. are they losing faith that a deal can happen? good morning from washington, it's thursday, july 28th, 2011. i'm chuck todd. this is day one of six this is it kind of days. the beginning, not the end of the end. let's get to my first reads of the morning, call it a jam session. house republicans want to jam the senate, democrats want to jam the house, we expect a house vo
tradition because we have got frederick douglass, we've got david walker, we've got harriet tubman, and these self-made black men and women talked about self-determination. so the bulk of that book is a dramatic example of the way in be which malcolm's call for political determination was also reflected in his personal life. because his family are actually pioneers of black nationalism sent to omaha, nebraska, and who are run out of omaha, nebraska, by racial terrorists, by white supremacists who are eventually run out of lansing. and his father is killed and lynched in lansing. so when we think about malcolm x, malcolm x transforms himself over time based on the situation that he finds himself in. he finds himself growing up in an america where small d democracy does not exist, and even though he joins the nation of islam and talks about armageddon and says that the whole country is doomed, malcolm spends the rest of his life trying to transform these institutions even to the point, like sonia sanchez said, when he becomes this human rights activist which he always was, he becomes
. but i get your point. it is serious. let's just talk -- >> very serious. david walker says it. >> we are actually on the same page. there are a lot of reasons we are not in greece. let's talk about august 3. there's a lot of discussion what happen it is we don't raise the debt ceiling. i want to put this to you. this comes from the bipartisan policy center that this government because it runs in debt doesn't have a lot of extra pocket change. on august 3, money comes in is about $12 billion. the social security payments alone do that day are $23 billion as a total of $32 billion due that day. are you okay with being in that position? whether or not you completely agree with that math, are you comfortable with being in that position? >> look, is there going to be political -- some uncomfort politically speaking? certainly there will be that. is it a default? no. there will be enough money to meet the debt holders. there have to be priorities and decisions made. again, keep your eye on the ball. the ball is the bug problem that's coming. again, everyone knows we are headed for real pro
america initiative, david walker. i want to ask you, as you hear this, how is this going to come to an end? how will it go from posterring to policy that affects change going forward? >> the congressional leaders said they are going to raise the debt limit. we have to put the house in order. the framework you put up is not credible. there needs to be a forcing mechanism. we need debt to gdp targets. if they are hit, great. if not, they are automatic spending cuts and actions that take place to make sure we start putting our house in order. >> that sounds like the republican proposal in the house where they have to go to 20% of gdp. they have to cut to that. they cap spending. down the road, the balanced budget amendment. is the republican approach in the house acceptable to you? >> part of the problem, as you know, pat, the balance budget amendment in the house is really not more than a balanced budget amendment. it's talking act capping spending and gdp. the level they are talking about is not realistic given rising health care costs. in fact, wednesday, the comeback america initiative is
, president obama on both of those proposals. later, david walker on the u.s. debt and deficit. >> if you want to be informed about what is happening in the world, particularly by an american politics, it is not so hard. c-span has a digital online archive it goes back to -- what, 79? >> 1987. >> you can basically watch anything that happened in the house and senate chambers right there on your screen. sources of information that are on the mansion -- that were unimaginable 20 years ago. >> instant access to events in the white house, the committee rooms, and house and senate chambers. the peabody award winning c-span video library. washington, your way. >> president obama called for a deal in congress that would raise the national debt ceiling. the president supports the plan for harry reid that includes $2.70 trillion in savings with no cuts to social security and medicare. the president spoke in the east room of the white house. >> in the year 2000 budget had -- the budget was in a surplus. but the money was spent on tax cuts while two wars and an expensive prescription drug program was add
country index in >> tomorrow, the former u.s. comptroller general, david walker, offers his solution for the debt crisis. examining same-sex marriage across the u.s. and the decision to overturn the ban on gay men and women serving openly in the military. looking at spending and overspending in the pentagon. "washington journal" live at 7:00 a.m. eastern on c-span. a meeting has been called at the white house for 6:00 p.m. eastern with democratic congressional leaders. officials say harry reid is and look -- is working on legislation and after to avoid default through 2013. the leader in the house, john boehner, has called the rank- and-file members back to washington earlier and has announced there was no plan but he would be able to offer a framework proposal tomorrow. he had a plan under consideration for about $1 trillion. the bipartisan talks have been stalled after the speaker left negotiations on friday. we will have an update on the negotiations on the c-span network. >> this week's guest, democratic chairman of
state senator, david hanson. senator hanson left the state of wisconsin in february along with his 13 fellow democrats, rather than give republicans the quorum needed to pass scott walker's union stripping legislation. tonight, the democrat has won, successfully defeated this challenge with 65% of precincts reporting, dave hansen at 69% and the republican challenger at 31%. associated press calls this nor senator hansen moments ago. he is one of three wisconsin democrats facing recall. republicans wanted more than twice that many senators recalled, but three is what they got, and one of the three recall efforts against the democrats failed pretty badly tonight. tonight's election was expected to be indicative of what might happen next month when six wisconsin senate republicans are up for recall. we will keep you posted on wisconsin politics as we have all year, of course. happ
the country. >> governors walker and markell, thank you both. >> thank you. >> woodruff: still to come on the "newshour": california's overcrowded prisons; mark shields and david brooks and the winning u.s. soccer team. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: the lower house of italy's parliament gave final approval today to a new set of austerity measures. lawmakers passed the $99 billion package to balance the budget by 2014. it includes freezing pay for government workers and hiking health care fees. the italian government fast- tracked the vote to fend off the debt crisis which has already engulfed greece, ireland and portugal. the scandal swirling around the murdoch media empire forced an apology from the very top today and two high-level resignations. we have a report from cathy newman of "independent television news." >> reporter: this is the humbling of a media mogul. rupert murdoch has come to this central london hotel to pay penance to apologize for the first time to the dowler family. over allegations the "news of the world" hacked into
Search Results 0 to 49 of about 52 (some duplicates have been removed)

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